Belgium-based global building materials manufacturer Etex has signed an agreement with the Australian construction materials company BGC to acquire its plasterboard and fiber cement businesses.
This strategic move is aimed at expanding Etex's activities in the attractive Australian market, with significant growth opportunities. The acquisition is subject to customary closing conditions and is expected to be finalized in early 2024.
Etex is acquiring the lightweight activities from Australian construction materials company BGC, namely gypsum - with the manufacturing of plasterboards, plasters, compounds and cornice - and fiber cement.
This acquisition will allow Etex to broaden its footprint in Australia. The deal encompasses assets such as BGC’s plasterboard plant in Western Australia, a 56.000 square meter facility located in Perth, and a strong network of nine warehouses across Australia and New Zealand.
Bernard Delvaux, CEO of Etex, commented, “This deal is a strategic opportunity for Etex to complement our footprint in Australia and further increase the accessibility of our products and services for customers. This will both reinforce our plasterboard offering and position us well in the growing fibre cement activities through a broad product range and good channel access.”
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